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Technology Stocks : TLAB info?
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To: Dave Dickerson who wrote (3023)8/15/1998 3:31:00 PM
From: Gary Korn  Read Replies (2) of 7342
 
Dave,

I've been in the CIEN/TLAB arbitrage since about June. While I was shocked to see the spread yesterday, I briefly heard some kind of assurance that the deal was going ahead as planned. Accordingly, I added to my long/short CIEN/TLAB position with a 5 1/4 point spread.

The gain (if it happens) on this newest position will be as much as the gain (if it happens) on much more shares in my earlier position (because the spread was much, much lower then).

Consequently, and to anyone confident in the deal going through, I would urge you look at the long/short CIEN/TLAB play on Monday.

Gary Korn
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